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OpenMarket: Trade and International

  • Trump Administration Suspends Tariffs, but Not Confusion, for Three Months

    March 30, 2020
    On Friday evening, the Trump administration announced it would stop collecting all tariff revenue for three months, effective immediately. In ordinary times, the news would have been front page news for days. Instead, as with many late-Friday news dumps, it has gone virtually unnoticed.
  • Liberate to Stimulate 2020: Let’s Start with Trade

    March 5, 2020
    The past two weeks have seen a volatile market owing to concerns over coronavirus, which suggests an economic downturn could be on the cards. The administration can go some way toward heading this off with liberalization of trade.
  • VIDEO: Trade Is Not a Four-Letter Word

    February 28, 2020
    Former Export-Import Bank Chairman Fred Hochberg recently made an appearance at the American Enterprise Institute to promote his new book, Trade Is Not a Four Letter Word: How Six Everyday Products Make the Case for Trade. Readers who are familiar with CEI’s position on Ex-Im will know we are not fans of its operations (or existence), but we are fans of international trade, so we were eager to hear what Hochberg had to say. Hochberg made a case for the advantages of open trade, using six different products to tell his story.
  • Senate Passes USMCA, Sets Bad Precedent for Future Agreements with China, UK, EU

    January 16, 2020
    The USMCA trade agreement passed the Senate today. USMCA is valuable damage control. Three years of unpredictable tariff increases, threats of increases, and diplomatic tensions will hopefully have more stability going forward. Unfortunately, USMCA is filled with trade-unrelated provisions and giveaways to business, labor, and environmental interests. Trade agreements should stick to trade issues.
  • Phase One Trade Agreement with China: Tariff Stability, at the Cost of Managed Trade

    January 15, 2020
    Phase One of a trade deal with China has enormous value as damage control against further tariffs, but it comes at a cost. The Trump administration has more than doubled total U.S. tariffs in its first three years, and other countries, including China, have responded in kind. Phase One’s signing hopefully marks an end to a tariff-first trade policy and its unpredictable implementation. But a ceasefire is not a victory. Massive tariffs put in place less than two years ago will remain in place, and risk becoming normalized.
  • Brexit Update: Nigel Ashford and Iain Murray Offer Analysis

    January 10, 2020
    With the vote yesterday in the House of Commons to approve Prime Minister Boris Johnson’s plan for separating the United Kingdom from the European Union, it seems that after a very long road, Brexit will actually happen on January 31.
  • UN Climate Conference in Madrid Fails to Set Rules for Carbon Trading Market   

    December 20, 2019
    The twenty-fifth Conference of the Parties to the UN Framework Convention on Climate Change (COP-25) was supposed to wrap up one issue remaining from last year’s COP-24 on implementing the Paris climate treaty—setting up the rules for an international greenhouse gas emissions trading market. 
  • Dutch Supreme Court Upholds Climate Lawsuit against Government

    December 20, 2019
    The Dutch Supreme Court on December 20th rejected an appeal by the Dutch government to overturn an appellate court’s October 2018 decision to uphold a lower court’s June 2015 decision requiring the government to cut Holland’s carbon dioxide emissions at least 25 percent below 1990 levels by 2020.
  • Phase One of a China-U.S. Trade Agreement and the Ratchet Effect

    December 13, 2019
    As of Friday, December 13th, the U.S. and Chinese governments have agreed in principle to phase one of a trade agreement. The Chinese government will purchase more U.S. agricultural products, and according to The Wall Street Journal, “Mr. Wang [China’s Vice Minister of Commerce] said that the agreement would cover a range of contentious issues, including agriculture, intellectual property protection, technology transfer and liberalization of the financial sector, without elaborating.”
  • Competitive Enterprise Institute Opposes USMCA Trade Agreement

    December 12, 2019
    The Competitive Enterprise Institute (CEI) today announced its opposition to the USMCA trade agreement between the United States, Mexico, and Canada because the updated agreement sets dangerous precedents for future policy. 

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